• Circa Survivor pool shrinks further after upset-filled Week 2

    September 20, 2022 cg-withdrawals

    The Circa Survivor series, in which customers of the Vegas casino giant pick an NFL team each week to win their game, has seen its pool shrink to just over 2,000 contestants from an original 6,125. Just two weeks into the series, the pool is now standing at a little over one-third of original entrants, as a season of surprises continued to throw up unexpected results in Week 2. Many of the contestants bow

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  • MGM and Sands Las Vegas buck trend as actionable investment ideas

    September 18, 2022

    Given the troubled economic times, it’s no huge surprise that casino stocks have been among the investments that have taken a sustained beating in the market since the start of this year. The latest report from Citi Group bore out that expectation, with negative news for most of the casino industry and for consumer discretionary assets in general. Again, that’s little surprise in an economy where people

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  • Ojos Locos restaurant chain to open first casino in Las Vegas

    September 16, 2022 cg-vegas

    Las Vegas - and indeed the United States - will see its first ever Latino-focused casino by the end of 2022, if the promises of popular restaurant chain Ojos Locos are anything to go by. The chain, which operates in the Arizona-New Mexico-Texas tri-state area and has 22 locations, is aiming to open a hotel and Read More

  • Oklahoma Supreme Court overturns Cherokee Nation’s Covid lawsuit win

    September 14, 2022 Oklahoma State Flag - Casino Genie

    The Cherokee Nation of Oklahoma has suffered a defeat in a Supreme Court hearing over their lawsuit against Lexington Insurance Company, as a result losing the right to compensation for shuttering their casinos during the Covid-19 pandemic. The Supreme Court was the final arbiter after the Nation had won in the district court, and this loss means that the casinos will now not receive c

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  • Atlantic City casinos offer no contest to smoking ban discussion

    September 12, 2022

    The issue of smoking in Atlantic City casinos seems certain to be addressed sooner or later, although that discussion will not start, as planned, at the upcoming meeting of the East Coast Gaming Congress after the city’s casino industry pulled out of a round-table meeting. The CANJ was due to be represented by Mark Giannantonio, CEO of the Resorts Casino Hotel, but with just a week to go, he informed repor

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  • Which will be the next US state to permit sports betting?

    September 9, 2022 Pen highlighting text in a book

    Across the USA this past weekend, the NFL season kicked off with more states than ever allowing their residents to bet on the games. More than thirty states currently have legalized sports betting, with Kansas the latest name to fully permit betting. Both Massachusetts and Read More

  • Sports betting sees surge in NFL Week 1

    September 7, 2022 NFL players in scrum

    It’s long been held that the most popular betting sport in US markets is NFL football, and the numbers from the first week of the NFL season 2022 seem to provide backing for that theory. Online betting activity has surged in the USA this past week, as the league’s 32 teams got ready to hit the field for real. Data shared by GeoComply, a geolocation verification company, recorded that the volumes it handled up until midnight Eastern time we

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  • LA Times comes out against Propositions 26 and 27

    September 5, 2022 California Flag - Casino Genie

    As the days tick down towards voting day in November, the competing propositions for legalized sports betting in California received a blow from local media. An editorial in the LA Times stated that both propositions were lacking in significant ways, and concluded that neither should pass when the state goes to the polls. The editorial stated that both bills offered more risks than benefits to the state of California and stated that, if the Go

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  • California Sports Betting: Major League Baseball backs Prop 27

    August 26, 2022 California Flag - Casino Genie

    Another week goes by and another organization comes off the fence regarding sports betting in California. This week, it’s the turn of the baseball world to get involved, as the administration of Major League Baseball announced its backing for Proposition 27 as we get closer to the voting date on two separate propositions relating to the provision of sports betting in the richest state in the USA. Prop 27, if passed, would permit sportsbook c

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  • Las Vegas Gambling take expected to slump in 2023

    August 24, 2022 cg-vegas

    Experts are predicting that gaming revenue across Las Vegas casinos will decline next year before experiencing a rebound in 2024. A report from Fitch Ratings suggests that the Nevada gaming resort will see takings from the gaming tables fall by up to 10% as part of a wider economic retrenchment. This expectation is based on knowledge of upcoming gaming numbers and room occupancy, with the wider global economy experiencing a general retraction. It

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